BELIZE: IMF EXECUTIVE BOARD CONCLUDES 2014 ARTICLE IV CONSULTATION Press Release No. 14/415 September 4, 2014 On June 23, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation1 with Belize. Real GDP growth plummeted to 0.7 percent in 2013, from 4 percent in 2012, mainly due to continued declines in oil production and weak agricultural output, especially sugarcane and citrus. Unemployment stood at 14.2 percent in September 2013 and is on an upward trend since it hit its lowest level in 2008. Average inflation eased to 0.5 percent from 1.3 percent in 2012, as […]

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